An acceleration of growth in North America, double-digit gains overseas, and continued over-sized online gains drove Nike Inc.’s earnings ahead 14.9 percent in the first quarter ended August 31–exceeding internal expectations and Wall Street’s targets. Revenues grew 9 percent on a currency-neutral basis.
Author: SGB Media
Bass Pro Sues Startups From Ex-Cabela’s Employees
Bass Pro is suing two startup retailers in Sidney, NE, started by former Cabela’s managers, charging they stole proprietary information and violated non-compete agreements in starting their businesses.
Timberland Hosts 21st Annual Serv-a-Palooza
Timberland is hosting the company’s annual Serv-a-Palooza volunteer initiative in more than 19 countries throughout the months of September and October. Timberland employees, partners and community members will address community-based needs around the globe from the company’s headquarters in Stratham, NH to Milan, Hong Kong, Mexico City and beyond.
Everlast Launches New Global Ad Campaign
Everlast launched new global campaign, “‘Be First,” that challenges individuals to carve their own path to success, featuring heavyweight champion of the world Deontay Wilder, 12-year-old Phenom Jesselyn Silva and more.
OIA Endorses Maria Cantwell For U.S. Senate
Outdoor Industry Association (OIA) announced the association’s endorsement of U.S. Senator Maria Cantwell for re-election because she is a longtime champion of the outdoor industry and actively works to bolster Washington state’s $26.2 billion outdoor recreation economy and the 201,000 jobs it supports.
New Zealand’s Kathmandu Sees 12 Percent Revenue Gain In Fiscal Year
Kathmandu Holdings Limited, the New Zealand and Australia-based outdoor retailer that recently-acquired the Oboz footwear brand, reported net earnings rose 32.9 percent in the year ended July 31 on an 117 percent revenue gain.
Deloitte Study Finds Consumers Collecting More Personal Health Data
The number of U.S. consumers tracking their health data with wearables has more than doubled since 2013 while they are also becoming more engaged in their own health care through technology and data sharing, according to new research from the Deloitte Center for Health Solutions.
Timberland Renews Eyewear License
Marcolin Group, one of the world’s leading eyewear companies, and TBL Licensing LLC, announced the early renewal of the licensing agreement for the design, production and worldwide distribution of Timberland optical frames and sunglasses.
Fabletics Collection To Benefit MindUP
Fabletics, the active-lifestyle brand co-founded by Kate Hudson in 2013, announced the first partnership between Hudson and her mother, actress Goldie Hawn, to launch a global capsule collection in support of The Goldie Hawn Foundation’s MindUP.
Moody’s Upgrades G-III Apparel Debt Ratings
Moody’s Investors Service upgraded G-III Apparel Group Ltd.’s senior secured term loan to Ba3 from B1, and the company’s speculative grade liquidity rating to SGL-2 from SGL-3. At the same time, Moody’s affirmed the company’s Ba3 corporate family rating (CFR) and Ba3-PD probability of default Rating (PDR). The ratings outlook is stable.
Johnson Outdoors Announces Increase In Cash Dividend
Johnson Outdoors Inc. announced approval by the company’s Board of Directors of a quarterly cash dividend of 14 cents per class A share and 12.73 cents per class B share.
Shareholders Win Vote Urging Smith & Wesson Maker To Review Safety Efforts
Investors in American Outdoor Brands Corp., the parent of Smith & Wesson, on Tuesday won a shareholder vote urging the firearms maker to do more to address gun violence. The proposal asks the company to track shootings involving their products and consider investing more in technology to prevent their unauthorized use. Nearly 70 percent of investors in Sturm, Ruger & Co. backed a similar shareholder proposal at that company in May.
Perry Ellis Files Investor Presentation In Connection With Feldenkreis Transaction
Perry Ellis International Inc. in a regulatory filing urged shareholders to approve the acquisition led by George Feldenkreis at special shareholder meeting in October.
Nike’s Momentum Continues In Q1
Nike Inc. reported double-digit revenue growth in the first quarter ended August 31. The performance was driven by the continued success of the Consumer Direct Offense, which fueled growth across all geographies as well as wholesale and Nike Direct, led by digital.
Target Decorated Apparel Appoints President
Target Decorated Apparel, a leading contract decorator for the promotional products and retail industries, announced that Kevin Schardt has been appointed president. Schardt will assume the role previously filled by Target Decorated Apparel owner and chairman, Steve Kanney.
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